Hello There, Guest! (LoginRegister)

Post Reply 
The Economist - Populists Deserve No Credit for Economic Upswing!
Author Message
MplsBison Offline
Hall of Famer
*

Posts: 15,079
Joined: Dec 2014
Reputation: 155
I Root For: NDSU/Minnesota
Location:
Post: #1
The Economist - Populists Deserve No Credit for Economic Upswing!
http://www.economist.com/news/leaders/21...-does-feel

Quote:No Keynes, no gains

Most important, the upswing has nothing to do with Mr Trump’s “America First” economic nationalism. If anything, the global upswing vindicates the experts that today’s populists often decry. Economists have long argued that recoveries from financial crashes take a long time: research into 100 banking crises by Carmen Reinhart and Kenneth Rogoff of Harvard University suggests that, on average, incomes get back to pre-crisis levels only after eight long years. Most economists also argue that the best way to recover after a debt crisis is to clean up balance-sheets quickly, keep monetary policy loose and apply fiscal stimulus wherever prudently possible.

Today’s recovery validates that prescription. The Fed pinned interest rates to the floor until full employment was in sight. The ECB’s bond-buying programme has kept borrowing costs in crisis-prone countries tolerable, though Europe’s misplaced emphasis on austerity, recently relaxed, made the job harder. In Japan rises in VAT have scuppered previous recoveries; this time the government wisely deferred an increase until at least 2019.

...

Populists deserve no credit for the upsurge. But they could yet snuff it out.
03-19-2017 11:37 AM
Find all posts by this user Quote this message in a reply

Kronke Online
Hall of Famer
*

Posts: 19,525
Joined: Apr 2010
Reputation: 619
I Root For: Houston / AAC
Location: Texas
Post: #2
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
Fake news.

Rothschild-owned globalist rag.
(This post was last modified: 03-19-2017 12:20 PM by Kronke.)
03-19-2017 12:20 PM
Find all posts by this user Quote this message in a reply
MplsBison Offline
Hall of Famer
*

Posts: 15,079
Joined: Dec 2014
Reputation: 155
I Root For: NDSU/Minnesota
Location:
Post: #3
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
Why mention a Jewish family??

Alt-right anti-semitism???
(This post was last modified: 03-19-2017 12:59 PM by MplsBison.)
03-19-2017 12:58 PM
Find all posts by this user Quote this message in a reply
Kronke Online
Hall of Famer
*

Posts: 19,525
Joined: Apr 2010
Reputation: 619
I Root For: Houston / AAC
Location: Texas
Post: #4
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
(03-19-2017 12:58 PM)MplsBison Wrote:  Why mention a Jewish family??

Alt-right anti-semitism???

Of course you find a way to make something that's nothing about race, everything about race.

Liberalism is a mental illness???
03-19-2017 01:13 PM
Find all posts by this user Quote this message in a reply

usmbacker Offline
Hall of Famer
*

Posts: 10,534
Joined: Nov 2003
Reputation: 529
I Root For: Beer
Location:
Post: #5
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
Obama is the only US President to not have even one year of 3% GDP growth. His final year of 2016 he had a fantastic GDP growth of 1.6%. Obama was a disaster for the US economy.

http://www.zerohedge.com/news/2017-01-27...gdp-growth
03-19-2017 01:31 PM
Find all posts by this user Quote this message in a reply
EigenEagle Offline
All American
*

Posts: 3,753
Joined: May 2014
Reputation: 104
I Root For: Ga Southern
Location:
Post: #6
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
The president is probably in third place as far as power over the economy behind (1) the Fed and (2) congress.

But of course, that tends to be overlooked with the gains that were made under Obama.
03-19-2017 01:40 PM
Find all posts by this user Quote this message in a reply
LeFlâneur Offline
1st String
*

Posts: 1,550
Joined: Jan 2017
Reputation: 167
I Root For: USC
Location:
Post: #7
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
(03-19-2017 01:40 PM)EigenEagle Wrote:  The president is probably in third place as far as power over the economy behind (1) the Fed and (2) congress.

True but he can have a significant impact on stunting growth by ratcheting up the number of regulations companies have to abide by.

Furthermore, it was Obama, with a filibuster proof Congress, that passed: a missed-the-mark stimulus bill; Dodd-Frank that negatively impacted lending; and Obmamcare, that led some companies not expanding when they might have.

The stimulus was directed at saving state and municipal jobs, which add nothing to the economy, and offered expanded benefits to green industries. And remember those shovel ready jobs that weren't.

The Fed's low rates and quantitative easing should have led to a boom in leveraged capital investment but all it did was lead to a rotation of invested capital into equities.

Bottom line, the Obama administration oversaw the greatest mis-allocation of capital the world has ever witnessed.
03-19-2017 02:52 PM
Find all posts by this user Quote this message in a reply

UofMstateU Online
Hall of Famer
*

Posts: 17,534
Joined: Dec 2009
Reputation: 1011
I Root For: Memphis
Location:
Post: #8
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
So liberals are butthurt that Trump has a magic wand, and its working?
03-19-2017 03:32 PM
Find all posts by this user Quote this message in a reply
stinkfist Offline
laughing at MSM meltdown
*

Posts: 27,104
Joined: Nov 2011
Reputation: 722
I Root For: StL Cards & USM
Location: who knows?
Post: #9
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
(03-19-2017 01:13 PM)Kronke Wrote:  
(03-19-2017 12:58 PM)MplsBison Wrote:  Why mention a Jewish family??

Alt-right anti-semitism???

Of course you find a way to make something that's nothing about race, everything about race.

Liberalism is a mental illness???

yes....it's disturbing when you know you don't have a chance and can only capitulate with violence and lies
03-19-2017 03:39 PM
Find all posts by this user Quote this message in a reply
Attackcoog Online
Hall of Famer
*

Posts: 20,901
Joined: Oct 2011
Reputation: 731
I Root For: Houston
Location:
Post: #10
RE: The Economist - Populists Deserve No Credit for Economic Upswing!
Media Report---

Obama = Savior

Republicans = Evil

Trump = Extra Evil

Rinse and repeat. Set to continuous play.
03-19-2017 03:45 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2017 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
Powered By MyBB, © 2002-2017 MyBB Group.